DeFi Technologies Inc.(DEFT)Earnings, Financials & Key Ratios
DEFT•NASDAQ•Banking & Credit
$0.75
$288M mkt cap·Price updated May 7, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryAlternative Asset Managers and Specialty Finance
AboutDeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. The company offers asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments. It is also involved in early-stage investments in companies, banks, and foundations in the digital asset space; operation of a specialized arbitrage trading desk that focuses on identifying and capitalizing on low-risk arbitrage opportunities within the digital asset market; private research that produces research reports on digital assets; and provision of OTC desk and digital asset liquidity. The company was formerly known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023. DeFi Technologies Inc. was incorporated in 1986 and is headquartered in Toronto, Canada.Show more
- Net Interest Income-$4M
- Total Revenue$98M+398.6%
- Net Income-$39M-94.6%
- Return on Equity-210.73%-119.5%
- Net Interest Margin-0.29%
- Efficiency Ratio124.57%+0.9%
- ROA-4.42%+29.5%
- Equity / Assets1.75%-43.7%
- Book Value per Share0.06+2.9%
- Tangible BV/Share-0.08+27.1%
- Debt/Equity0.60-80.2%
DEFT Key Insights
DeFi Technologies Inc. (DEFT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Diversified revenue: 100.0% from non-interest income
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Weak NIM of -0.3%
- ✗High cost structure: 124.6% efficiency ratio
- ✗Weak momentum: RS Rating 20 (bottom 20%)
- ✗Thin capital base
- ✗Shares diluted 61.9% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DEFT Price & Volume
DeFi Technologies Inc. (DEFT) stock price & volume — 10-year historical chart
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DEFT Growth Metrics
DeFi Technologies Inc. (DEFT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years111.34%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-196.88%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-191%
Return on Capital
10 Years-74.09%
5 Years-74.09%
3 Years-94.98%
Last Year-166.16%
DEFT Recent Earnings
DeFi Technologies Inc. (DEFT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/5 qtrs (40%)●Beat Revenue 0/5 qtrs (0%)
Q2 2026Latest
Apr 2, 2026EPS
$0.08
Est $0.03
+201.1%
Revenue
$5M
Est $22M
-124.6%
Q4 2025
Nov 14, 2025EPS
$0.01
Est $0.07
-85.7%
Revenue
$23M
Est $43M
-47.2%
Q3 2025
Aug 14, 2025EPS
$0.05
Est $0.07
-28.6%
Revenue
—
Est $44M
Q2 2025
May 14, 2025EPS
$0.08
Est $0.05
+60.0%
Revenue
$34M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 2, 2026 | $0.08vs $0.03+201.1% | $5Mvs $22M-124.6% |
| Q4 2025 | Nov 14, 2025 | $0.01vs $0.07-85.7% | $23Mvs $43M-47.2% |
| Q3 2025 | Aug 14, 2025 | $0.05vs $0.07-28.6% | —vs $44M |
| Q2 2025 | May 14, 2025 | $0.08vs $0.05+60.0% | $34M |
Based on last 5 quarters of dataView full earnings history →
DEFT Peer Comparison
DeFi Technologies Inc. (DEFT) competitors in Alternative Asset Managers and Specialty Finance — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COIN | 50.96B | 192.96 | 43.36 | 9.4% | 5.68% | 0.53 | ||
 MSTR | 60.05B | 179.84 | -11.81 | 2.97% | -25.19% | -24.09% | 0.16 | |
 GLXY | 114.04B | 29.30 | -55.28 | 40.22% | 1.5% | 1.76 | ||
 VOYG | 1.49B | 25.62 | -13.07 | 15.42% | -72.9% | -23.95% | 1.09 | |
 IREN | 18.86B | 56.85 | 145.77 | 167.65% | 18.65% | 0.53 | ||
 HOOD | 68.72B | 76.28 | 37.21 | 51.58% | 21.38% | 1.68 | ||
 PYPL | 40.77B | 46.22 | 8.54 | 4.32% | 25.08% | 0.49 | ||
 NDAQ | 50.59B | 89.00 | 28.80 | 11.05% | 15.9% | 0.81 |
Compare DEFT vs Peers
DeFi Technologies Inc. (DEFT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DEFT Income Statement
DeFi Technologies Inc. (DEFT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Net Interest Income | 0 | -1.19M | -4.01M | 0 | -3.87M | -809.44K |
| NII Growth % | - | - | -238.45% | 100% | - | 329.19% |
| Net Interest Margin % | 0% | -0.33% | -2.07% | 0% | -0.29% | -0.07% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 35.33K |
| Interest Expense | 0 | 1.19M | 4.01M | 0 | 3.87M | 845.04K |
| Loan Loss Provision | 0 | -1.19M | -4.01M | 1.03M | 2.93M | 12.26M |
| Non-Interest Income | 0 | 10.34M | 1.25M | 19.58M | 97.61M | 87.8M |
| Non-Interest Income % | - | 100% | 100% | 100% | 100% | 99.96% |
| Total Revenue | 0▲ 0% | 10.34M▲ 0% | 1.25M▼ 87.9% | 19.58M▲ 1466.1% | 97.61M▲ 398.6% | 87.84M▲ 0% |
| Revenue Growth % | - | - | -87.91% | 1466.08% | 398.65% | 304.44% |
| Non-Interest Expense | -1.63M | 55.89M | 48.48M | 24.17M | 121.6M | 141.28M |
| Efficiency Ratio | - | 540.46% | 3878.32% | 123.45% | 124.57% | 160.84% |
| Operating Income | 1.63M▲ 0% | -45.55M▼ 2901.1% | -47.23M▼ 3.7% | -5.62M▲ 88.1% | -30.79M▼ 447.8% | -66.54M▲ 0% |
| Operating Margin % | - | -440.46% | -3778.32% | -28.71% | -31.54% | -75.76% |
| Operating Income Growth % | - | -2901.06% | -3.69% | 88.1% | -447.76% | - |
| Pretax Income | 1.63M▲ 0% | -71.5M▼ 4496.7% | -65.9M▲ 7.8% | -20.29M▲ 69.2% | -39.04M▼ 92.4% | -89.11M▲ 0% |
| Pretax Margin % | - | -691.37% | -5271.84% | -103.66% | -40% | -101.45% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 1.93M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | -2.17% |
| Net Income | 1.63M▲ 0% | -71.5M▼ 4496.7% | -65.9M▲ 7.8% | -20.07M▲ 69.5% | -39.04M▼ 94.6% | -90.94M▲ 0% |
| Net Margin % | - | -691.37% | -5271.84% | -102.51% | -40% | -103.54% |
| Net Income Growth % | - | -4496.73% | 7.83% | 69.55% | -94.55% | -196.88% |
| Net Income (Continuing) | 1.63M | -71.5M | -65.9M | -20.29M | -39.04M | -91.04M |
| EPS (Diluted) | 0.03▲ 0% | -0.37▼ 1278.3% | -0.32▲ 13.5% | -0.09▲ 71.9% | -0.11▼ 22.2% | -0.24▲ 0% |
| EPS Growth % | - | -1278.34% | 13.51% | 71.88% | -22.22% | -191% |
| EPS (Basic) | 0.03 | -0.37 | -0.32 | -0.09 | -0.13 | - |
| Diluted Shares Outstanding | 50.31M | 192.63M | 209.06M | 223.08M | 361.14M | 373.63M |
DEFT Balance Sheet
DeFi Technologies Inc. (DEFT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 782.5K | 73M | 4.92M | 28.08M | 551.18M | 1.48B |
| Cash & Due from Banks | 260.42K | 7.19M | 4.91M | 5.07M | 22.92M | 119.54M |
| Short Term Investments | 522.08K | 65.81M | 17.23K | 23M | 528.26M | 111.47M |
| Total Investments | 4.85M | 73.86M | 30.03M | 55.82M | 770.65M | 349.42M |
| Investments Growth % | - | 1422.5% | -59.34% | 85.88% | 1280.48% | 1420.57% |
| Long-Term Investments | 4.33M | 8.05M | 30.02M | 32.82M | 242.39M | 879.28M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 55.57M | 163.45M |
| Goodwill & Intangibles | 0 | 53.67M | 52.29M | 37.88M | 51.45M | 41.09M |
| Goodwill | 0 | 36.64M | 46.71M | 35.21M | 49.34M | 40.07M |
| Intangible Assets | 0 | 17.04M | 5.58M | 2.67M | 2.1M | 1.03M |
| PP&E (Net) | 0 | 30.76K | 1.94M | 5.79K | 130 | 3.17M |
| Other Assets | 0 | 1.25M | 53.36K | 485.06K | 480.87K | 69.2M |
| Total Current Assets | 1.39M | 297.53M | 109.7M | 375.03M | 1.03B | 850.35M |
| Total Non-Current Assets | 4.33M | 63M | 84.3M | 71.19M | 294.32M | 351.41M |
| Total Assets | 5.72M▲ 0% | 360.54M▲ 6201.2% | 194M▼ 46.2% | 446.22M▲ 130.0% | 1.32B▲ 196.0% | 1.2B▲ 0% |
| Asset Growth % | - | 6201.24% | -46.19% | 130.01% | 195.98% | 348.46% |
| Return on Assets (ROA) | 28.42% | -39.04% | -23.77% | -6.27% | -4.42% | -7.57% |
| Accounts Payable | 695.54K | 288.52M | 111.25M | 389.7M | 1.26B | 998.28M |
| Total Debt | 0 | 4.43K | 54.53M | 42.37M | 13.95M | 16.05M |
| Net Debt | -260.42K | -7.18M | 49.63M | 37.3M | -8.98M | -103.5M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 52.82M | 42.37M | 13.95M | 12.81M |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 778.14K | 288.55M | 164.38M | 432.32M | 1.3B | 1.08B |
| Total Non-Current Liabilities | 0 | 4.43K | 1.71M | 0 | 0 | 2.69M |
| Total Liabilities | 778.14K | 288.55M | 166.09M | 432.32M | 1.3B | 1.08B |
| Total Equity | 4.94M▲ 0% | 71.98M▲ 1356.1% | 27.91M▼ 61.2% | 13.9M▼ 50.2% | 23.15M▲ 66.5% | 117.72M▲ 0% |
| Equity Growth % | - | 1356.13% | -61.23% | -50.18% | 66.51% | 1186.28% |
| Equity / Assets (Capital Ratio) | 86.4% | 19.97% | 14.39% | 3.12% | 1.75% | 9.8% |
| Return on Equity (ROE) | 32.89% | -185.88% | -131.94% | -95.99% | -210.73% | -77.25% |
| Book Value per Share | 0.10 | 0.37 | 0.13 | 0.06 | 0.06 | 0.32 |
| Tangible BV per Share | 0.10 | 0.10 | -0.12 | -0.11 | -0.08 | 0.21 |
| Common Stock | 18.32M | 128.05M | 166.15M | 128.67M | 201.48M | 220.09M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -17.7M | -79.96M | -167.48M | -138.35M | -221.77M | -130.71M |
| Accumulated OCI | 0 | 189.07K | -3M | -1.25M | 3.25M | 848.46K |
| Treasury Stock | 0 | 0 | 0 | 27.45K | 0 | 0 |
| Preferred Stock | 3.39M | 3.39M | 4.32M | 3.26M | 4.32M | 3.19M |
DEFT Cash Flow Statement
DeFi Technologies Inc. (DEFT) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -1.21M | -326.92M | -90.08M | -69.74M | -129.96M | -129.96M |
| Operating CF Growth % | - | -26889.68% | 72.45% | 22.58% | -86.34% | -5410.3% |
| Net Income | 1.63M | -71.5M | -65.9M | -15.3M | -39.04M | -90.94M |
| Depreciation & Amortization | 0 | 3.64M | 2.37M | 1.55M | 2.12M | 1.93M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -2.1M | -302.73M | -46.89M | -61.41M | -109.16M | -119.19M |
| Working Capital Changes | -739.77K | 1.63M | 4.45M | 3.22M | -10.24M | -2.95M |
| Cash from Investing | -623.12K | 3.78M | -2.67M | 0 | 14.55M | -34.77M |
| Purchase of Investments | -573.71K | 0 | 0 | 0 | 0 | -178.04M |
| Sale/Maturity of Investments | 62.11K | 0 | 0 | 0 | 0 | 2M |
| Net Investment Activity | -511.6K | 0 | 0 | 0 | 0 | -176.04M |
| Acquisitions | -111.52K | 3.86M | 0 | 0 | 14.55M | 232.44K |
| Other Investing | 0 | -48.7K | -1.26M | 0 | 0 | 0 |
| Cash from Financing | 2.1M | 332.01M | 88.06M | 71.32M | 131.08M | 332.91M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -13.43M | -13.15M | 0 | -4.38M | -4.85M |
| Stock Issued | 2.1M | 9.61M | 1.55M | 3.41M | 0 | 97.24M |
| Net Stock Activity | 2.1M | -3.82M | -11.6M | 3.41M | -4.38M | 92.39M |
| Debt Issuance (Net) | 0 | 0 | 1000K | 1000K | -1000K | 1000K |
| Other Financing | 0 | 335.83M | 46.54M | 64.42M | 177.72M | 236.16M |
| Net Change in Cash | 756.67K▲ 0% | 8.83M▲ 1066.8% | -4.25M▼ 148.2% | 1.37M▲ 132.3% | 16.2M▲ 1079.7% | 97.9M▲ 0% |
| Exchange Rate Effect | 487.43K | -39.85K | 436.55K | -207.68K | 527.3K | -1.16M |
| Cash at Beginning | 3.67K | 332.07K | 9.16M | 3.7M | 6.73M | 36.11M |
| Cash at End | 760.34K | 9.16M | 4.91M | 5.07M | 22.92M | 124.81M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -1.21M▲ 0% | -326.95M▼ 26892.4% | -91.49M▲ 72.0% | -69.74M▲ 23.8% | -129.96M▼ 86.3% | -194.08M▲ 0% |
| FCF Growth % | - | -26892.39% | 72.02% | 23.77% | -86.34% | -654.78% |
DEFT Banking Ratios
DeFi Technologies Inc. (DEFT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | -185.88% | -131.94% | -95.99% | -210.73% | -77.25% |
| Return on Assets (ROA) | -39.04% | -23.77% | -6.27% | -4.42% | -7.57% |
| Net Interest Margin | -0.33% | -2.07% | 0% | -0.29% | -0.07% |
| Efficiency Ratio | 540.46% | 3878.32% | 123.45% | 124.57% | 160.84% |
| Equity / Assets | 19.97% | 14.39% | 3.12% | 1.75% | 9.8% |
| Book Value / Share | 0.37 | 0.13 | 0.06 | 0.06 | 0.32 |
| NII Growth | - | -238.45% | 100% | - | 82.56% |
| Dividend Payout | - | - | - | - | 0% |
DEFT Frequently Asked Questions
DeFi Technologies Inc. (DEFT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
DeFi Technologies Inc. (DEFT) grew revenue by 398.6% over the past year. This is strong growth.
DeFi Technologies Inc. (DEFT) reported a net loss of $90.9M for fiscal year 2024.
Dividend & Returns
DeFi Technologies Inc. (DEFT) has a return on equity (ROE) of -210.7%. Negative ROE indicates the company is unprofitable.
Industry Metrics
DeFi Technologies Inc. (DEFT) has a net interest margin (NIM) of -0.3%. NIM has been under pressure due to interest rate environment.
DeFi Technologies Inc. (DEFT) has an efficiency ratio of 124.6%. This is higher than peers, suggesting room for cost optimization.
Explore More DEFT
DeFi Technologies Inc. (DEFT) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates